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Anglo Australian Resources NL
Summary
| Project: | Feysville | |
|---|---|---|
| Deposit: | Think Big, Saintly | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-5-2018: Anglo Australian Resources NL announces an Exploration/Drilling Update report for its Think Big, Saintly deposit at the Feysville project. Drilling results incl. 12m @ 5.8g/t Au from 16m. In the most recent release to the ASX dated 23 April 201 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Otterman (DW Otterman Exploration Consultant) | |
| ABSTRACT: | In the most recent release to the ASX dated 23 April 2018, Anglo Australian announced that it had recently completed its April 2018 Reverse Circulation (“RC”) drilling campaign at Feysville. The campaign involved the drilling of 27 holes, 20 at Think Big and 7 at Saintly, for an aggregate of 2,983 metres, or an average of approximately 110 metres per hole. A map illustrating the location of Think Big and Saintly with respect to the Ethereal Shear Zone, as well as key drilling information, is set out in Figure 1. At Think Big, the campaign involved infill drilling on a 40 x 20 metre grid pattern with the dual objectives of confirming the continuity of supergene gold mineralisation and better defining the orientation of bedrock gold mineralised trends. At Saintly, the campaign involved seven holes to follow up on the earlier discovery hole FRC051 where supergeneenriched gold mineralisation of 21 metres @ 2.47g/t Au from 20 metres was identified1 . In the 23 April announcement, the Company announced four metre composite assay sample results in respect of five holes at Think Big and five holes at Saintly, as well as one metre assay sample results for a further three holes at Think Big. The Company has since received four metre composite assay results from the remaining holes at both Think Big and Saintly. The remaining one metre assay results are awaited and will be the subject of a further announcement upon receipt. Think Big Update As set out above, the assay results newly received are in respect of variously located infill holes. Anomalous mineralisation was identified for each of the holes in multiple zones of individually five to fifteen metres in thickness commencing generally at relatively shallow depth – from approximately 10 to 30 metres – and at grades of typically 1 to 3 g/t Au. | |
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